By: Maria - Never the Same River Twice
Trent, I would be interested in more information about how you set your debt repayment and retirement savings budget given that your income is now unstable. For example, how are you coming up with 1.3...
View ArticleBy: Zach
Maybe it is different in Canada, but I would pay off all debt before investing. I am sure you covered your bases though.
View ArticleBy: Fern
Oh, i have no other debt now aside from the mortgage, and i intend to keep it that way. When i need a new car (my 9-yr-old Honda has just 91K on it) i will pay cash for a new Prius or something with...
View ArticleBy: KoryO
Trent, there’s nothing wrong with saving a little bit outside of a 459 for your kids now while they are little. I do that for my little guy (20 months) right now. He “gets” $5 for each holiday...
View ArticleBy: Erin
I love the idea of the house in the country. I’m glad you guys are thinking not just of retirement funds and college tuition, but where your grandchildren are going to spend summer vacations :-) That’s...
View ArticleBy: Trent
Erin: That account is theirs. I would allow them to cash out the money and take the tax hit provided they were using it for a reasonable purchase (house, car, etc.). “how are you coming up with 1.3...
View ArticleBy: Greg
Responding to comment #4: Kevin, can you elaborate on the details of your land buying, lumber harvesting plan? How expensive and time consuming is it to replant your land once, you’ve harvested the...
View ArticleBy: kellykelly
FERN — #25 So good to see another single woman with no kids posting here! You sound like you have things very well set up, and your goals (dog, travel, etc.) sound wonderful. Good for you! My life...
View ArticleBy: Julie
I’m curious about your above comment about using your previous salary because your spending hasn’t changed. That doesn’t make sense to me. Your spending not changing won’t make a difference…if you are...
View ArticleBy: George
This article reminds me of what is was like to be young and naive (and responsible). If 10% of your projections/intentions pan-out, you’ll be doing well. It’s good to have goals, but, you can’t force...
View ArticleBy: Kim
Trent, Have you ever considered having your children pick up a portion of the cost of their schooling? My parents could have easily put me through college, and they did help me out some, but they still...
View ArticleBy: Andrew
Trent–just remember that life has a way of disrupting even the most thorough planning. Everything can be lost–or eveything can be gained–in as little as a minute. I don’t think you are someone who...
View ArticleBy: getagrip
@Erin and Trent The 529 money does not have to be theirs, as the “owner” of the account, you can change the beneficiary to another child, to a cousin, to a grandchild, etc. or even to yourself if you...
View ArticleBy: Harmonic Wealth Fan!
What a great article – and congratulations on your success! I’ve always been a little skeptical of the new-agey books my wife reads about self-help or changing your life. But she was so impressed by...
View ArticleBy: Erin
@ Trent Thanks, Trent, for your answer. I think your position is very reasonable. We chose to invest in a non-restricted fund for Hayden’s future – we have the understanding that he may use it for...
View ArticleBy: Sandy
I love to plan out as far as possible, too. I agree about traveling with young ones (once they are past 3, they are marvelous travellers, from my years of living abroad, and the travel that entails)....
View ArticleBy: Julie
question for Sandy, comment above. I would love to know where you live so I can read more about the public school systems there….sounds wonderful. :)
View ArticleBy: MB
Thanks for the idea, Trent. You inspired me and my husband and I did this yesterday. We’re in our mid-twenties, and we realized that our thirties will be a busy decade due to children, careers, and...
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